Home » Washington » CLARK County » ZIP Code 98660 » Tax Stats

98660 Income Tax Overview

Total Number of Tax Returns for ZIP Code 98660 [1]	4,977
Total Number of Joint Tax Returns for ZIP Code 98660	1,452
Total Number of Dependents for ZIP Code 98660	1,500
Total Adjusted Gross Income for ZIP Code 98660	274,028,264
Average Income per Person for ZIP Code 98660	$23,109

The following tables break down the Income Tax Statistics into different Gross Income levels.

Adjusted Gross Income: Under $10,000 [1]

Number of returns [1]	886
Number of joint returns	66
Number of returns with paid preparer's signature	293
Number of exemptions	1,108
Number of dependents	182
Adjust gross income (AGI) [2]	$3,613,605
Salaries and wages	$3,944,051
Taxable interest	$203,109
Ordinary dividends	$126,633
Business or professional net income (less loss)	$157,854
Net capital gain (less loss)	($34,131)
Taxable individual retirement arrangements distributions	$164,350
Taxable pensions and annuities	$358,576
Unemployment compensation [3]	$116,224
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,722,156
State and local income taxes	$6,838
State and local general sales tax	$9,408
Real estate taxes	$145,992
Taxes paid	$170,228
Mortgage interest paid	$479,213
Contributions	$24,823
Taxable income	$111,574
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$340,986
Excess earned income credit (refundable) [7]	$313,761
Alternative minimum tax	$0
Income tax [8]	$10,679
Total tax liability [9]	$98,177
Tax due at time of filing [10]	$38,405
Overpayments refunded [11]	($657,365)

Adjusted Gross Income: $10,000 under $25,000

Number of returns [1]	1,265
Number of joint returns	173
Number of returns with paid preparer's signature	530
Number of exemptions	2,085
Number of dependents	389
Adjust gross income (AGI) [2]	$21,899,867
Salaries and wages	$18,072,019
Taxable interest	$503,852
Ordinary dividends	$301,442
Business or professional net income (less loss)	$1,119,788
Net capital gain (less loss)	($1,537)
Taxable individual retirement arrangements distributions	$316,662
Taxable pensions and annuities	$1,405,383
Unemployment compensation [3]	$609,192
Taxable Social Security benefits	$60,799
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,194,272
State and local income taxes	$38,587
State and local general sales tax	$49,158
Real estate taxes	$219,119
Taxes paid	$312,725
Mortgage interest paid	$862,194
Contributions	$101,211
Taxable income	$6,898,035
Total tax credits [5]	$97,835
Residential energy tax credit	$0
Child tax credit	$40,320
Child and dependent care credit	$7,300
Earned income credit [6]	$1,128,614
Excess earned income credit (refundable) [7]	$1,044,868
Alternative minimum tax	$0
Income tax [8]	$656,191
Total tax liability [9]	$847,501
Tax due at time of filing [10]	$98,574
Overpayments refunded [11]	($2,391,331)

Adjusted Gross Income: $25,000 under $50,000

Number of returns [1]	1,375
Number of joint returns	333
Number of returns with paid preparer's signature	552
Number of exemptions	2,466
Number of dependents	422
Adjust gross income (AGI) [2]	$50,359,434
Salaries and wages	$44,416,815
Taxable interest	$532,421
Ordinary dividends	$287,037
Business or professional net income (less loss)	$1,304,499
Net capital gain (less loss)	$33,938
Taxable individual retirement arrangements distributions	$519,890
Taxable pensions and annuities	$2,474,863
Unemployment compensation [3]	$626,381
Taxable Social Security benefits	$674,569
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,527,676
State and local income taxes	$348,925
State and local general sales tax	$187,929
Real estate taxes	$746,521
Taxes paid	$1,321,543
Mortgage interest paid	$3,617,044
Contributions	$456,935
Taxable income	$28,512,472
Total tax credits [5]	$443,209
Residential energy tax credit	$0
Child tax credit	$325,131
Child and dependent care credit	$23,998
Earned income credit [6]	$215,160
Excess earned income credit (refundable) [7]	$177,327
Alternative minimum tax	$0
Income tax [8]	$3,224,059
Total tax liability [9]	$3,477,303
Tax due at time of filing [10]	$213,083
Overpayments refunded [11]	($2,580,013)

Adjusted Gross Income: $50,000 under $75,000

Number of returns [1]	693
Number of joint returns	350
Number of returns with paid preparer's signature	313
Number of exemptions	1,456
Number of dependents	243
Adjust gross income (AGI) [2]	$42,564,156
Salaries and wages	$35,211,865
Taxable interest	$1,143,763
Ordinary dividends	$535,848
Business or professional net income (less loss)	$851,833
Net capital gain (less loss)	$65,480
Taxable individual retirement arrangements distributions	$852,259
Taxable pensions and annuities	$2,290,887
Unemployment compensation [3]	$246,364
Taxable Social Security benefits	$1,221,660
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,501,079
State and local income taxes	$633,568
State and local general sales tax	$247,305
Real estate taxes	$845,176
Taxes paid	$1,753,878
Mortgage interest paid	$3,876,023
Contributions	$556,283
Taxable income	$27,581,584
Total tax credits [5]	$382,608
Residential energy tax credit	$0
Child tax credit	$281,828
Child and dependent care credit	$15,955
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,630,228
Total tax liability [9]	$3,790,972
Tax due at time of filing [10]	$203,860
Overpayments refunded [11]	($1,538,271)

Adjusted Gross Income: $75,000 under $100,000

Number of returns [1]	379
Number of joint returns	250
Number of returns with paid preparer's signature	174
Number of exemptions	865
Number of dependents	143
Adjust gross income (AGI) [2]	$32,526,648
Salaries and wages	$25,948,319
Taxable interest	$859,451
Ordinary dividends	$611,582
Business or professional net income (less loss)	$744,171
Net capital gain (less loss)	$590,459
Taxable individual retirement arrangements distributions	$630,187
Taxable pensions and annuities	$2,341,650
Unemployment compensation [3]	$139,591
Taxable Social Security benefits	$940,327
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,973,012
State and local income taxes	$570,281
State and local general sales tax	$176,286
Real estate taxes	$663,610
Taxes paid	$1,470,919
Mortgage interest paid	$3,058,334
Contributions	$464,363
Taxable income	$22,611,104
Total tax credits [5]	$229,628
Residential energy tax credit	$0
Child tax credit	$167,254
Child and dependent care credit	$12,473
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,276,386
Total tax liability [9]	$3,454,244
Tax due at time of filing [10]	$168,157
Overpayments refunded [11]	($898,017)

Adjusted Gross Income: $100,000 under $200,000

Number of returns [1]	303
Number of joint returns	226
Number of returns with paid preparer's signature	177
Number of exemptions	694
Number of dependents	108
Adjust gross income (AGI) [2]	$39,456,613
Salaries and wages	$28,625,335
Taxable interest	$936,446
Ordinary dividends	$1,140,342
Business or professional net income (less loss)	$1,629,126
Net capital gain (less loss)	$1,176,727
Taxable individual retirement arrangements distributions	$1,278,578
Taxable pensions and annuities	$2,115,644
Unemployment compensation [3]	$98,537
Taxable Social Security benefits	$839,278
Self-employment retirement plans	$261,405
Total itemized deductions [4]	$5,918,121
State and local income taxes	$719,801
State and local general sales tax	$214,865
Real estate taxes	$752,470
Taxes paid	$1,719,432
Mortgage interest paid	$2,838,786
Contributions	$541,026
Taxable income	$30,495,099
Total tax credits [5]	$112,506
Residential energy tax credit	$0
Child tax credit	$62,300
Child and dependent care credit	$10,966
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,455,817
Total tax liability [9]	$5,793,987
Tax due at time of filing [10]	$545,774
Overpayments refunded [11]	($657,020)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	76
Number of joint returns	54
Number of returns with paid preparer's signature	64
Number of exemptions	151
Number of dependents	13
Adjust gross income (AGI) [2]	$83,607,941
Salaries and wages	$15,701,123
Taxable interest	$7,061,926
Ordinary dividends	$4,508,161
Business or professional net income (less loss)	$1,269,983
Net capital gain (less loss)	$26,655,864
Taxable individual retirement arrangements distributions	$895,867
Taxable pensions and annuities	$869,475
Unemployment compensation [3]	$0
Taxable Social Security benefits	$523,661
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,523,377
State and local income taxes	$1,135,614
State and local general sales tax	$88,300
Real estate taxes	$696,020
Taxes paid	$2,060,708
Mortgage interest paid	$1,007,019
Contributions	$2,099,486
Taxable income	$69,928,421
Total tax credits [5]	$125,273
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$500,647
Income tax [8]	$16,137,204
Total tax liability [9]	$15,114,192
Tax due at time of filing [10]	$1,204,721
Overpayments refunded [11]	($440,990)

[1] Includes returns with adjusted gross deficit.

[2] Less deficit.

[3] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals, and the state of Alaska.

[4] "Itemized deductions" include any amounts reported by the taxpayer, even if they could not be used in computing "taxable income," the base on which the regular income tax was computed. Thus, total itemized deductions include amounts that did not have to be reported by taxpayers with no "adjusted gross income." (Adjusted gross income is the total from which these deductions would normally be subtracted.) In addition, if standard and itemized deductions were both reported on a tax return, the form of deduction actually used in computing income tax was the one used for the statistics. Therefore, if the standard deduction was the form of deduction used, the total reported for itemized deductions was excluded from the statistics. However, the component deductions were not similarly excluded. As a result, the number of returns and related amounts for the component deductions are slightly overstated in relation to the grand total shown for itemized deductions. These components are also overstated in relation to the total because there was a statutory limitation on the total of itemized deductions that could be claimed by certain high-income taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax.

[5] "Total tax credits" excludes the "earned income credit" which is shown separately.

[6] "Earned income credit" includes both the refundable and non-refundable portions. The non-refundable portion could reduce income tax and certain related taxes to zero. The earned income credit amounts in excess of total tax liability, or amounts when there was no tax liability at all, were refundable. See footnote 7 below for explanation of the refundable portion of the earned income credit.

[7] The refundable portion of the "earned income credit" equals "total income tax" minus the "earned income credit". If the result is negative, this amount is considered the refundable portion.

[8] "Income tax" is in general, the same as "income tax after credits" which was redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Zip Code table "Income tax" differs from "total income tax" (in other tables) in that the Zip Code table "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnote 6 and 7 above, for an explanation of the treatment of the earned income credit. "Income tax" reflects the amount reported on the tax return and is, therefore, before any examination or enforcement activities by the Internal Revenue Service. It represents the tax filer reported income tax liability that was payable to the U.S. Department of the Treasury.

[9] For the Zip Code tables, "Total tax liability" differs from "Income tax," in that "Total tax liability" includes the taxes from recapture of certain prior-year credits, tax applicable to individual retirement arrangements (IRA's), Social Security taxes on self-employment income and on certain tip income, advanced earned income payments, household employment taxes, and certain "other taxes" listed in the Form 1040 instructions.

[10] Reflects payments to or withholdings made to "Total tax liability" (footnote 9). The amount the tax filer owes when the income tax return is filed.

[11] The amount of overpayments the tax filer requested to have refunded.